Franklin Street Properties Corp. Announces Third Quarter 2019 Results

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Go back to Franklin Street Properties Corp. Announces Third Quarter 2019 Results

Franklin Street Properties (FSP) Reports Q3 EPS of $0.02, Revenues Beat

October 29, 2019 5:06 PM EDT

Franklin Street Properties (NYSE: FSP) reported Q3 EPS of $0.02, versus $0.09 reported last year. Revenue for the quarter came in at $68.54 million versus the consensus estimate of $64.8 million.

Net income was $2.4 million or $0.02 per basic and diluted share for the third quarter ended September 30, 2019. Funds From Operations (FFO) was $24.9 million or $0.23 per basic and diluted share for the third quarter ended September 30, 2019.Adjusted Funds From Operations (AFFO) was $0.10 per basic and diluted share for the third quarter ended September 30, 2019.We are raising our full year FFO guidance for 2019,... More